The IRS Audit Blog

Archive for August, 2006

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Question: How does do you get rid of an EIN number from the IRS?

I wanted to buy items from legitimate wholesalers and drop shippers, however, I needed a sales tax ID to be able to buy from them. I thought that in order to get my sales tax ID, I needed an EIN (employer identification number). So I got the EIN from the IRS. Then I got my IBT (Illinois Business Tax number or sales tax ID). Then I contacted someone from the Illinois Revenue and I found out that I do not need an EIN. You see, all I want to do is buy items from wholesalers or drop shippers and then sell those items on eBay. That is it. I will never have employees so I will never need an EIN. I fear that having an EIN may make my tax paying unnecessarily more difficult so this brings me to my question: How do I get rid of my EIN? I know I should call the IRS…but my phone just broke. Thus, I am basically asking how I can get rid of this thing online. Thank you all.

I looked here: http://www.irs.gov/businesses/small/article/0,,id=98350,00.html

but no luck

Answer: Download the instructions for Form 941, look at page 2.

You will need to do this for Form 940 also.

If you are a corporation, partnership or LLC, etc. you will need to also file a final form.

WHIT AND WHIMSY: Optimist of the Year honor given to college-age member

The Brunswick Optimist Club held its annual Christmas Party at The Grille Restaurant in Brunswick. Before everyone settled in for a wonderful dinner Past President Lori Henry presented the Optimist of the Year Award to her son, Jimmy Henry. Even though he is a full-time civil engineering student at the University of Akron, Jimmy always showed up ready to work the many fundraisers the club held …

Using Electronic Payment for Federal Taxes

Internal Revenue Service Releases New Home Buyer Credit Form

RISMEDIA, January 19, 2010—The Internal Revenue Service recently released the new form that eligible home buyers need to claim the first-time home buyer credit this tax season and announced processing of those tax returns will begin in mid-February. The IRS…

Form 5405 – First Time Homebuyers Credit

Harvard Borrowing $400M for Smaller Expansion

Harvard University, which has almost doubled its debt burden in three years, begins selling about $400 million of tax-exempt bonds today as it finances part of a scaled-back campus expansion plan.

YOUR FIRED – IF I WERE PRESIDENT CHICKENHEAD

St. Charles council presses luck in Vegas

During the worst economic recession since the Great Depression, the city of St. Charles spent $32,247 to send nine representatives to Las Vegas for the world’s largest annual retail real estate convention in May.

Atlanta Attorney Jobs – AtlantaAttorneyJobs.com

Question: Name Change, looking for how to contact the IRS (state and federal taxes)?

I just got my name legally changed earlier this week (not by marriage or divorce, but an actual court order).

I’m looking for forms or mailing addresses to send my certifified copies of the name change to both the federal tax authorities and the state of Minnesota tax authorities.

If anyone can provide me with the mailing address, and/or a link to the forms I need to fill out- it’d be greatly appreciated!

Answer: All you need to do is change your name on your social security card and with your employer. Of course, you’ll want to change it on any bank accounts and other property you own.

Here’s the link for the social security card: http://www.ssa.gov/gethelp1.htm

As for taxes, you just file them with your new name, which will show on your W-2 from your employer.

Census count to begin in March

Mail-in forms will be used first; then census workers will hit the streets to follow up. Money, a census director says, is a main reason why people should respond to the count.

M$g To Anonymous